Brooklyn-based blockchain software company ConsenSys is reported is to be looking to axe up to 60 percent of its workforce loose, although the accuracy of that reporting has been questioned. Amid a broader slump in the value of ether and the crypto market generally, ConsenSys founder Joseph Lubin could be looking to tighten the belt…

Photo: ConsenSys / Twitter ConsenSys, the New York-based blockchain startup backed by Ethereum, is reorganizing. Such an announcement has been made by ConsenSys CEO and Ethereum co-founder Joseph Lubin. Lubin wrote: “We must retain, and in some cases regain, the lean and gritty startup mindset that made us who we are. We now find ourselves occupying a…

Back when Satoshi Nakamoto first introduced the concept of decentralized and self-regulated money in 2009, many considered it an unrealistic idea that would die down after a short period of time. Well, as it turned out, this was not the case. Fast forward ten years after Bitcoin was created and cryptocurrencies have totally invaded popular…

Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar…

A new company called DrumG has announced itself, and a key partnership, to the world. The company DrumG today made its first public announcement. In its “debut press release,” the Bermuda-based company, which has quietly been developing over the course of the last 15 months, claimed it has over 20 employees in offices around the…

Commodity traders, including Shell and Mercuria, are collaborating with a number of international banks to create a blockchain-based trade finance platform they hope will become the standard for the commodity trading industry. Based in Geneva, komgo SA is an Ethereum-based ConsenSys development that has grown out of the Easy Trading Connect project, a partnership between Dutch…

Bitcoin (BTC) developer Jimmy Song stated that using blockchain tech for a private, centralized system, such as an enterprise, ‘makes zero sense’ in an interview with Laura Shin June 26. Song, also a venture partner at Blockchain Capital, spoke on the podcast Unchained about his work as an architect on an enterprise private blockchain at…